A well-known professor was presenting new improved automated vehicles including cars and motorbikes. Each statement he made about advances in effectiveness and safety were supported by detailed diagrams and algorithms. It was all very clear, and the audience of mostly…
This paper ‘Automated Regulatory Compliance in Insurance’, reviews the application of technology to support automated regulatory compliance (RegTech) in banking and capital markets and explores the opportunities for similar application of RegTech in insurance. It compiles our key insights and…
In the past year, Elon Musk and Tesla have fascinated the world with new innovations like the Tesla Cybertruck. There is excitement about most new Tesla products, but one hugely important one has been largely overlooked. With far less fanfare and…
Willis Towers Watson have recently interviewed one of our Principle Investigators, Alistair Milne, as part of their spotlight magazine series. You can see Alistair's interview below: You can see the full article here:
This article uses insights from knowledge management to describe and contrast two approaches to the application of artificial intelligence and data technologies in insurance operations. The first focuses on the automation of existing processes using robotic processing intervention (RPA). Knowledge…
Loughborough University and the Willis Research Network (WRN) presented a range of perspectives on the business application of Artificial Intelligence (AI) and its role in the ongoing digital transformation of the insurance industry. We introduced a mix of top university researchers…
Artificial Intelligence (AI) poses fundamental questions for the insurance industry. How do AI and other forces shape the insurance industry? Can AI be used defensively by incumbent firms or is it purely a disruptive force exploited by new entrants? Loughborough…
The rise of Fintech challenges established financial centres and incumbent financial institutions to rethink their strategies to remain obligatory passage points in the age of digitizing finance. To appreciate these changes, it is important to maintain theoretical interchange between developments…
The increasing capabilities of artificial intelligence (AI) are changing the way organizations operate and interact with users both internally and externally. The insurance sector is currently using AI in several ways but its potential to disrupt insurance is not clear.…
This Lloyds report, co-authored by TECHNGI member Roger Maull, identifies four risks areas for AI: trust and transparency, ethics, security and safety. It highlights that as artificial intelligence systems become more complex, cyber breaches are likely to have an even…